Hi, as I go through idea validation I did what people in the forum recommend and went to Twitter for "needs".
After a few errors, I thought I found something interesting "need twitch overlay".
Twitch overlay are graphics that streamers put over they stream to make it look more professional. Like borders around their face cam, panel graphics for their stream description, animated overlays when they get new followers & offline screens etc.
So the niche would be all kinds of design work a twitch streamer needs.
Because this can be standardized, they can purchase templates. So I was thinking "ThemeForest for Twitch Streamers" + upsell for custom logo design etc.
It would be a Shopify store, carrying templates for them to purchase.
There are competitors in this field, 5-10 sites that offer this + many designers on Fiverr doing custom work. I want to evaluate these competitors and find out if they make money and if there is a spot in this seemingly growing market.
My questions:
I went on to SEMRUSH and found that they do have constant traffic growth in the last year. Some of them are more established with 5-8K organic but they have a good youtube channel with tutorials and many big streamers as customers. Some others grow with constant ~5k in paid traffic. Some of them spending good amounts on paid traffic. CPC for "twitch overlay" is $1.30. I have little experience and don't know if that is expensive. A template goes for $20-40. So would be great to find out the conversion on these pages, not sure if there are ways.
Aside from that my CENTS analysis shows a potential weakness in Entry. It is really easy to set up a store and design a few of those templates.
What else should I do to evaluate the competition? And what is your general opinion about this?
Never done e-com but see this as an opportunity to get my feet wet.
After a few errors, I thought I found something interesting "need twitch overlay".
Twitch overlay are graphics that streamers put over they stream to make it look more professional. Like borders around their face cam, panel graphics for their stream description, animated overlays when they get new followers & offline screens etc.
So the niche would be all kinds of design work a twitch streamer needs.
Because this can be standardized, they can purchase templates. So I was thinking "ThemeForest for Twitch Streamers" + upsell for custom logo design etc.
It would be a Shopify store, carrying templates for them to purchase.
There are competitors in this field, 5-10 sites that offer this + many designers on Fiverr doing custom work. I want to evaluate these competitors and find out if they make money and if there is a spot in this seemingly growing market.
My questions:
I went on to SEMRUSH and found that they do have constant traffic growth in the last year. Some of them are more established with 5-8K organic but they have a good youtube channel with tutorials and many big streamers as customers. Some others grow with constant ~5k in paid traffic. Some of them spending good amounts on paid traffic. CPC for "twitch overlay" is $1.30. I have little experience and don't know if that is expensive. A template goes for $20-40. So would be great to find out the conversion on these pages, not sure if there are ways.
Aside from that my CENTS analysis shows a potential weakness in Entry. It is really easy to set up a store and design a few of those templates.
What else should I do to evaluate the competition? And what is your general opinion about this?
Never done e-com but see this as an opportunity to get my feet wet.
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